Ukraine Wants to Jump on LNG Bandwagon
As Azerbaijan, Georgia and Romania proceed with plans to line up a new liquefied natural gas (LNG) export route from the Caspian Sea to Europe, Ukraine is looking to siphon off some of the deliveries from the route's midpoint, Georgia.
Ukraine wants to join the project, which could provide a shortcut to Europe for Azerbaijani gas exports, and leave aside both Turkey and Russia. Under the proposed itinerary, liquefied gas would travel from a Georgian terminal on the Black Sea across to Romania, to be turned back into gas. Ukraine, which has had more than a few gas supply worries of its own, proposes another re-gasification terminal, near its Black Sea port of Odessa, to receive the gas from Georgia for its own needs as well.
Just one catch: Ukrainian Energy Minister Yuri Boiko is hoping that the European Union will pony up the $1 billion estimated needed to build the terminal.